H.R. 1430 — Introduced in House

I 114th CONGRESS 1st Session H. R. 1430 IN THE HOUSE OF REPRESENTATIVES March 18, 2015 Mr. Boustany (for himself, Mr. Kind, Mr. Pascrell, Mr. Neal, Mr. Reed, Mr. Tiberi, Mr. Schock, and Mr. Larson of Connecticut) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to make permanent the look-through treatment of payments between related controlled foreign corporations. 1. Short title This Act may be cited as the Permanent CFC Look-Through Act of 2015. 2. Look-through treatment of payments between related controlled foreign corporations made permanent (a) In general Section 954(c)(6) of the Internal Revenue Code of 1986 is amended by striking subparagraph (C). (b) Effective date The amendment made by this section shall apply to taxable years of foreign corporations beginning after December 31, 2014, and to taxable years of United States shareholders with or within which such taxable years of foreign corporations end.